EUR/CHF - 1H - Technical analysis published on 11/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.9596 CHF
My targets
0.9654 CHF (+0.0015)
0.9680 CHF (+0.0041)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CHF as long as the price remains well above 0.9596 CHF. The buyers' bullish objective is set at 0.9654 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9680 CHF. If there is any crossing, the next objective would be the resistance located at 0.9786 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
EUR/CHF rating 0.9639 CHF. On the day, this instrument gained +0.08% and was traded between 0.9619 CHF and 0.9649 CHF over the period. The price is currently at +0.21% from its lowest and -0.10% from its highest.0.9619
0.9649
0.9639
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CHF in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9567 | 0.9596 | 0.9630 | 0.9639 | 0.9654 | 0.9680 | 0.9786 |
| Change (%) | -0.75% | -0.45% | -0.09% | - | +0.16% | +0.43% | +1.53% |
| Change | -0.0072 | -0.0043 | -0.0009 | - | +0.0015 | +0.0041 | +0.0147 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9567 | 0.9582 | 0.9606 | 0.9621 | 0.9645 | 0.9660 | 0.9684 |
| Camarilla | 0.9620 | 0.9624 | 0.9627 | 0.9631 | 0.9635 | 0.9638 | 0.9642 |
| Woodie | 0.9573 | 0.9584 | 0.9612 | 0.9623 | 0.9651 | 0.9662 | 0.9690 |
| Fibonacci | 0.9582 | 0.9597 | 0.9606 | 0.9621 | 0.9636 | 0.9645 | 0.9660 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9421 | 0.9471 | 0.9553 | 0.9603 | 0.9685 | 0.9735 | 0.9817 |
| Camarilla | 0.9600 | 0.9612 | 0.9624 | 0.9636 | 0.9648 | 0.9660 | 0.9672 |
| Woodie | 0.9438 | 0.9479 | 0.9570 | 0.9611 | 0.9702 | 0.9743 | 0.9834 |
| Fibonacci | 0.9471 | 0.9521 | 0.9552 | 0.9603 | 0.9653 | 0.9684 | 0.9735 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9200 | 0.9309 | 0.9467 | 0.9576 | 0.9734 | 0.9843 | 1.0001 |
| Camarilla | 0.9553 | 0.9577 | 0.9602 | 0.9626 | 0.9651 | 0.9675 | 0.9699 |
| Woodie | 0.9226 | 0.9321 | 0.9493 | 0.9588 | 0.9760 | 0.9855 | 1.0027 |
| Fibonacci | 0.9309 | 0.9411 | 0.9474 | 0.9576 | 0.9678 | 0.9741 | 0.9843 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.21 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 15.1425 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.9635 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9621 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 0.9615 | |
| Zig ZAG (10): | 0.9640 | |
| VORTEX (21): | 1.0536 | |
| Stochastique (14,3,5): | 85.42 | |
| TEMA (21): | 0.9638 | |
| Williams %R (14): | -30.00 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | 0.0613 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.9625 | |
| MA20: | 0.9546 | |
| MA50: | 0.9579 | |
| MA100: | 0.9608 | |
| MAexp7: | 0.9636 | |
| MAexp20: | 0.9631 | |
| MAexp50: | 0.9629 | |
| MAexp100: | 0.9624 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +0.32% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.16% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/CHF at the time of the analysis were as follows:
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EUR/CHF Forecast November 8, 2022
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EUR/CHF Forecast September 30, 2022
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Trading the Trend: #EURCHF to continue downwards?
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EUR/CHF Forecast September 9, 2022
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Trade of the Week 22/08 - Short EUR/CHF
This member declared not having a position on this financial instrument or a related financial instrument.
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